5 ms·

This is reminiscent of Malaysian airlines getting nationalized. Planes crash, stock dives, investors swoop in and buy the company. This is the third Boeing inc

This is reminiscent of Malaysian airlines getting nationalized. Planes crash, stock dives, investors swoop in and buy the company. This is the third Boeing incident now, not to mention the whole 737 Max debacle.

vmception 6y ago
Except this was a check engine light and not an incident at all. This is more reminiscent of additional coverage due to heightened interest without any context on how often this otherwise happens.
- hinkley 6y ago
  One of the first interesting lines in the linked article is the oldie but goodie: An abundance of caution
julianlam 6y ago
Why does nationalization cause these issues? I have always heard the opposite, that PRIVATIZATION causes these lapses in quality. The greatest success story I've heard of (and I'm probably butchering the details) was a country nationalizing their oil&gas industry, and splitting the profits between their citizens. https://www.theglobeandmail.com/report-on-business/economy/canada-competes/what-norway-did-with-its-oil-and-we-didnt/article11959362/ https://www.theglobeandmail.com/report-on-business/economy/c...
- nightowl_games 6y ago
  SaskTel is a great example of a socialized service. I'm typing this on a fiber to the home connection that I've had for many years. Our province is so sparse that without SaskTel, we would all probably be getting shafted by Bell.
hinkley 6y ago
There was a disturbing day almost ten years ago now where I looked at AAPL's cash on hand and BA's market cap and thought, "Apple could buy Boeing. For cash." We have some very skewed views of how big various manufacturing concerns are. How many Boeing planes are out there, how many flights, and they're "only" worth $60B.
rmk 6y ago
The issue is not the 757 per se, but the particular Pratt & Whitney engines that are used on this model. I'm sure the 757 comes with more than one engine option, and more than one model uses the particular P&W engines (although this one is less likely). In the worst case, the 757 fleet that relies on this particular engine may end up grounded while the problems are worked out while the rest of the fleet continues operating as usual. This is not entirely a novel situation; there have been plenty of occasions where problems with a particular engine model have been addressed with not much harm to the operator, and the plane manufacturer. I don't see how this affects Boeing big time, when you also combine this current situation with the fact that most 757s are already set to be put out to pasture in the next 5-6 years.

vmception 6y ago

Except this was a check engine light and not an incident at all. This is more reminiscent of additional coverage due to heightened interest without any context on how often this otherwise happens.

hinkley 6y ago
One of the first interesting lines in the linked article is the oldie but goodie: An abundance of caution

julianlam 6y ago

Why does nationalization cause these issues? I have always heard the opposite, that PRIVATIZATION causes these lapses in quality. The greatest success story I've heard of (and I'm probably butchering the details) was a country nationalizing their oil&gas industry, and splitting the profits between their citizens. https://www.theglobeandmail.com/report-on-business/economy/canada-competes/what-norway-did-with-its-oil-and-we-didnt/article11959362/ https://www.theglobeandmail.com/report-on-business/economy/c...

nightowl_games 6y ago
SaskTel is a great example of a socialized service. I'm typing this on a fiber to the home connection that I've had for many years. Our province is so sparse that without SaskTel, we would all probably be getting shafted by Bell.

hinkley 6y ago

There was a disturbing day almost ten years ago now where I looked at AAPL's cash on hand and BA's market cap and thought, "Apple could buy Boeing. For cash." We have some very skewed views of how big various manufacturing concerns are. How many Boeing planes are out there, how many flights, and they're "only" worth $60B.

rmk 6y ago

The issue is not the 757 per se, but the particular Pratt & Whitney engines that are used on this model. I'm sure the 757 comes with more than one engine option, and more than one model uses the particular P&W engines (although this one is less likely). In the worst case, the 757 fleet that relies on this particular engine may end up grounded while the problems are worked out while the rest of the fleet continues operating as usual. This is not entirely a novel situation; there have been plenty of occasions where problems with a particular engine model have been addressed with not much harm to the operator, and the plane manufacturer. I don't see how this affects Boeing big time, when you also combine this current situation with the fact that most 757s are already set to be put out to pasture in the next 5-6 years.